In his previous job as head of Sky Italia, Tom Mockridge made a point of climbing the stairs to his seventh-floor Milan office instead of using the lift. Now that he is the new boss of News Corp's (NWSA.O) British newspaper unit, he will need all the stamina he can muster to put behind the company a phone hacking scandal undermining Rupert Murdoch's media empire. A person who works closely with him said the 56-year old New Zealander's appointment came as no surprise. "He is not a Murdoch but he is very close to both James (Murdoch) and Rupert. He is highly trusted, he was sent in to fix things," said the person, who spoke on condition of anonymity.
News Corporation is a diversified global media company. Shares of NWSA fell by 0.81% or $-0.125/share to $15.31. In the past year, the shares have traded as low as $11.91 and as high as $18.35. On average, 22250600 shares of NWSA exchange hands on a given day and today's volume is recorded at 38803204.
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